Bitfinex and Ethfinex enters the initial exchange offers market with the launch of Tokinex

By Hannah Pérez

In a turn to the standard model of IEO, Bitfinex He assured that Startups They will not have to pay advanced registration fees to operate on the new platform Tokinex

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A new modality of ICO (initial currency offer) It is popular in the cryptographic ecosystem. It’s about Initial Exchange Offers (IEO) that are returning to life the controversial form of fundraising.

Hong Kong -based cryptographic exchange, Bitfinex It is venturing into the popular business of the IEO.

Bitfinex and Ethfinexyour sister company based on Ethereumtoday announced a new platform called Tokinex. The new service will have its first launch this Thursday, followed by the debut of a second Token June 13 and will offer an IEO series, similar to Binance Launchpad.

The CEO of Bitfinex and EthfinexJean Louis Van Der Velde, stood out about the launch:

What means being an exchange has evolved together with the maturation of the cryptography market. It has become a complete ecosystem, not only limited to the commercialization of digital assets.

IEO booming

Bitfinex follow other large bags such as Okcoin, Kucoin and Binance In this new business line. So far there have been some advantages in the collection of funds with an IEO compared to the ICO. More markedly, the agreement usually comes with a bag commitment to handle all the controls of Know your client (Kyc) and Anti-lavish money (AML) on behalf of a new company. IEOs are also usually accompanied by a commitment by the Stock Exchange to promote the offer to their client group.

These services are usually subject to high rates. However, in a turn to the standard model of IEO, in the case of Startups approved to function in Tokinex, They will not have to pay advanced registration fees. In addition, according to company officials, after successfully completing funds, the Token will be quoting so much on Bitfinex as in Ethfinex.

Participants will be registered through the site of Tokinex where they will receive the KYC verification of Blockpass. In addition, they will receive study materials on offers and liquidations through their existing change wallet. The company has not yet confirmed if users will be charged some type of rate for accessing these sales.

In addition to Tokinexthe company has just launched Leo, its Token of exchange. Previously, Binance tried the idea of using a Token to reduce negotiation expenses in a given bag with its Token bnb.

Fountain: COINDESK

Hannah Estefanía Pérez / Translation Diariobitcoin

Twitter image of Ethfinex

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